横店影视(603103) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was CNY 450,239,917.10, a decrease of 42.39% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was a loss of CNY 71,042,913.80, representing a decline of 157.75% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was a loss of CNY 88,116,569.76, down 189.80% from the previous year[2]. - Basic earnings per share for Q3 2024 was -CNY 0.11, a decrease of 157.89% compared to the same period last year[3]. - The weighted average return on equity for Q3 2024 was -5.10%, a decrease of 6.39 percentage points year-over-year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 1,615,792,707.63, a decrease of 17.3% compared to CNY 1,953,193,483.52 in the same period of 2023[16]. - The company's net profit for the first three quarters of 2024 was CNY 7,206,338.65, recovering from a loss of CNY 10,180,676.27 in the same period of 2023[15]. - The net profit for Q3 2024 is CNY 17,387,014.92, a significant decrease from CNY 235,873,618.25 in Q3 2023, representing a decline of approximately 92.64%[17]. - The total operating profit for Q3 2024 is CNY 9,551,807.59, compared to CNY 224,069,806.78 in the same period last year, indicating a decrease of about 95.73%[17]. - Total revenue from sales of goods and services for the first nine months of 2024 is CNY 2,050,570,613.61, compared to CNY 2,307,652,065.77 in the same period of 2023, reflecting a decrease of about 11.14%[18]. - The basic and diluted earnings per share for Q3 2024 are both CNY 0.03, down from CNY 0.37 in Q3 2023, a decrease of approximately 91.89%[18]. - The total comprehensive income for Q3 2024 is CNY 17,387,014.92, a decrease from CNY 235,873,618.25 in Q3 2023, representing a decline of approximately 92.64%[18]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 460,748,884.12, down 34.38% year-over-year[2]. - Cash flow from operating activities for the first nine months of 2024 is CNY 460,748,884.12, down from CNY 702,126,617.21 in the previous year, a decline of approximately 34.4%[19]. - Cash and cash equivalents at the end of Q3 2024 amount to CNY 936,961,434.64, an increase from CNY 787,594,908.90 at the end of Q3 2023, reflecting a growth of about 19.0%[19]. - The company's cash and cash equivalents increased to CNY 1,042,560,134.64 as of September 30, 2024, compared to CNY 904,095,839.29 at the end of 2023, representing a growth of 15.3%[13]. - Accounts receivable rose to CNY 173,302,994.79, up 83.4% from CNY 94,564,898.02 at the end of 2023[13]. - Inventory increased to CNY 87,892,058.48, a rise of 20.3% from CNY 73,088,875.43 at the end of 2023[13]. - Non-current assets totaled CNY 2,773,055,672.16, down 4.7% from CNY 2,909,013,310.34 at the end of 2023[14]. - Total assets attributable to shareholders at the end of Q3 2024 were CNY 4,426,134,105.98, a decrease of 0.87% from the end of the previous year[3]. - The total assets as of September 30, 2024, were CNY 4,426,134,105.98, slightly down from CNY 4,464,894,121.58 at the end of 2023[14]. - Total liabilities decreased to CNY 3,068,585,237.79 from CNY 3,124,732,268.31, a reduction of 1.8%[15]. Market Performance - The decline in revenue and profit was primarily attributed to poor box office performance and a decrease in cinema screening business income[6]. - As of the end of the reporting period, the Chinese film market's total box office revenue was 34.633 billion yuan, a year-on-year decrease of 24%[8]. - The company opened 8 new asset-linked cinemas and added 50 screens during the reporting period, achieving box office revenue of 366.1962 million yuan and a market share of 3.72%[8]. - The total number of asset-linked cinemas owned by the company reached 449, with a total of 2,869 screens and cumulative box office revenue of 1.1789867 billion yuan, representing a market share of 3.76%[9]. - The total number of viewers in the company's asset-linked cinemas was 32.5748 million, while franchise cinemas had 4.5048 million viewers[9]. - The box office revenue from franchise cinemas was 174.3358 million yuan, with a market share of 0.56%[9]. - The proportion of domestic film box office revenue decreased by 5.33 percentage points year-on-year, accounting for 77.29% of the total[8]. - The North American box office revenue for the first nine months of 2024 was 6.22 billion USD, surpassing China's by 1.35 billion USD[8]. - The total number of cinema closures in the first three quarters was 6, resulting in a reduction of 34 screens[10]. Strategic Focus - The company is focusing on cost management and efficiency improvements to enhance overall competitiveness[8]. - Non-recurring gains and losses for Q3 2024 totaled CNY 17,073,655.96, with a year-to-date total of CNY 90,378,418.38[5]. - The company reported a significant increase in investment income to CNY 50,434,929.50, compared to CNY 6,434,844.54 in the previous year[16]. - The company participated in the production of multiple films, including "Flying Life 2" and "Boonie Bears: Back to the Future," which were released during the reporting period[8]. - The net cash flow from investing activities for Q3 2024 is -CNY 124,654,077.29, compared to -CNY 146,683,297.49 in Q3 2023, showing an improvement of about 15.03%[19]. - The company reported other income of CNY 26,092,060.99 in Q3 2024, compared to CNY 20,069,882.51 in Q3 2023, representing an increase of about 30.1%[17].